Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2015
Stock-based Compensation Tables  
Schedule of stock option

On the date of grant, the following weighted average assumptions were utilized for options granted during the nine months ended September 30, 2015 and 2014.

 

    2015   2014
         

Risk-free interest rates

Expected option life in years

Expected stock price volatility

Expected dividend yield

 

1.39%

5 years

30.24%

-0-

 

1.65%

5 years

42.65%

-0-

Schedule of information of stock options outstanding and exercisable

The following table presents information relating to all stock options outstanding and exercisable at September 30, 2015:

 

            Weighted        
        Weighted   Average       Weighted
Range of       Average   Remaining       Average
Exercise   Options   Exercise   Life in   Options   Exercise
    Price       Outstanding       Price           Years       Exercisable       Price    
                     
$0.83 - $2.34   2,855,000      $1.33   3.36   2,715,000   $1.30
Outstanding warrants to puchase shares

As of September 30, 2015, the following are the outstanding warrants to purchase shares of the Company’s common stock:

 

      Number of   Exercise    
     Warrants   Price   Expiration Date
           
      250,000   $2.10   May 21, 2018
      250,000   $1.40   May 21, 2018
      125,000   $2.10    July 26, 2018
      125,000   $1.40    July 26, 2018
Total              750,000